GBP/NZD - Is The Flat A Contraction?
Hello traders,
We are currently looking at 2 possible scenarios.
The first one is for the flat to be a contraction which means that once we reach the 2 price level, we will consolidate and look to continue upwards and break 2.0492.
The second possibility is that the flat will make a bigger ‘2’ and will come down 1 more time for the 3rd structure. After that we will look for a reversal to the upside.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow.
Thank you,
Good luck
We are currently looking at 2 possible scenarios.
The first one is for the flat to be a contraction which means that once we reach the 2 price level, we will consolidate and look to continue upwards and break 2.0492.
The second possibility is that the flat will make a bigger ‘2’ and will come down 1 more time for the 3rd structure. After that we will look for a reversal to the upside.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow.
Thank you,
Good luck
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